Schwab Charles Investment Management Inc. increased its position in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,582 shares of the savings and loans company’s stock after acquiring an additional 6,537 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.63% of Meta Financial Group worth $5,613,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Malaga Cove Capital LLC acquired a new position in shares of Meta Financial Group during the third quarter valued at $111,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Meta Financial Group during the third quarter valued at $165,000. SG Americas Securities LLC lifted its stake in shares of Meta Financial Group by 70.9% during the third quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock valued at $169,000 after acquiring an additional 892 shares during the period. Parametric Portfolio Associates LLC acquired a new position in shares of Meta Financial Group during the second quarter valued at $258,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Meta Financial Group during the third quarter valued at $258,000. 78.90% of the stock is currently owned by institutional investors and hedge funds.
Meta Financial Group Inc. (NASDAQ:CASH) opened at $115.50 on Wednesday. Meta Financial Group Inc. has a one year low of $60.70 and a one year high of $117.97. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,125.26, a PE ratio of 15.94 and a beta of 1.19.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, March 9th. Meta Financial Group’s payout ratio is 10.14%.
Several equities analysts have recently issued reports on CASH shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a research note on Thursday, January 11th. B. Riley upped their price target on Meta Financial Group from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Lake Street Capital started coverage on Meta Financial Group in a research note on Monday, January 8th. They set a “buy” rating and a $120.00 price target on the stock. BidaskClub raised Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research lowered Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $116.60.
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About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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